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MERCATOR LTD. - Outcome of Board Meeting
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13 Aug 2014
Mercator Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2014, inter alia, has approved the following;&lt;br/&gt;&lt;br/&gt;1. Appointment of Additional Director:&lt;br/&gt;&lt;br/&gt;Mr. Gunender Kapur is appointed as an Additional Director on the Board of the Company w.e.f. August 13, 2014. He shall be Independent Director under the provisions of Companies Act, 2013 and Listing Agreement. His appointment would be subject to approval of shareholders at the ensuing Annual General Meeting.&lt;br/&gt;&lt;br/&gt;2. Issue of shares by Mercator Energy Pte. Ltd. (MEPL), Singapore:&lt;br/&gt;&lt;br/&gt;MEPL, subsidiary of the Company proposes to issue shares to professionals including Mr. Atul J. Agarwal, Managing Director of the Company for cash consideration based on a valuation report issued by qualified Chartered Accountant. Consequent to the issue; the shareholding of the Company will be 78% and that of Mr. Atul Agarwal will be 6%; in MEPL.
View all announcements for MERCATOR LTD. Source: BSE India